EIB Working Papers 2019/09 - The impact of international financial institutions on SMEs

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286143745
Total Pages : 88 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Working Papers 2019/09 - The impact of international financial institutions on SMEs by : European Investment Bank

Download or read book EIB Working Papers 2019/09 - The impact of international financial institutions on SMEs written by European Investment Bank and published by European Investment Bank. This book was released on 2019-12-04 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: IFIs provide funding for SMEs, but what impact does this actually have on these firms? This working paper assesses the impact of funding by the EIB on the performance of more than 5,000 SMEs in eight countries in Central and Eastern Europe during 2008-2014. Using propensity score matching and difference-in-difference estimation exercises, it indicates that EIB lending has had a positive effect on employment, revenues and profitability. This holds whether or not the economy is in a period of crisis or recovery.

Banking in Africa

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Author :
Publisher :
ISBN 13 : 9789286144950
Total Pages : pages
Book Rating : 4.1/5 (449 download)

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Book Synopsis Banking in Africa by :

Download or read book Banking in Africa written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: - Investing sustainably in Africa's cities; - Mobilising agricultural value chain financing in Africa: why and how; - Remittances and financial sector development in Africa.

Finance for SMEs: European Regulation and Capital Markets Union

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Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403501448
Total Pages : 222 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Finance for SMEs: European Regulation and Capital Markets Union by : Patrizio Messina

Download or read book Finance for SMEs: European Regulation and Capital Markets Union written by Patrizio Messina and published by Kluwer Law International B.V.. This book was released on 2019-06-19 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the European Commission’s announcement of the Capital Markets Union in 2016, a major step was at last taken to provide for the special needs of small and medium enterprises (SMEs). This book presents the first in-depth legal analysis of the challenges that SMEs have to face when managing their balance sheets and trying to attract investors, what alternative financing tools are most effective and how recent legislation reaches fair and convenient conditions for SMEs. The analysis focuses specifically on the Capital Markets Union structure and on other European initiatives that support and enhance SMEs’ raising money on capital markets in order to better diversify their investments and plan a growth and development strategy. An updated description of the European framework is provided, together with references to relevant national systems. Issues and topics covered include the following: need for long-lasting access to funds; securitization for SMEs; SME Z-score; crowdfunding; and peer-to-peer, minibond and accounts receivables financing. Case study analyses furnish a deep understanding of the financial structures and their main features. Appendices include English texts of the main European Union (EU) legal documents pertaining to SMEs. For SMEs discouraged by over-regulation designed for larger businesses, and who find themselves in difficulties when they have to face the required process, this book will prove to be of immeasurable practical value. This book represents one of the first publications on SMEs and finance and contains data and information resulting from a deep and well-focused research on the topic. The added value of this study will allow the academics to understand the main issues related to this topic and will provide for a steady basis for further research and analysis with regards to law and economics for SMEs. Furthermore, it will be also warmly welcomed by practitioners in the area of SME financing and will be useful to support them in the selection of the most appropriate tools for their clients. Banks and interested EU officials will also value its clear and straightforward approach to the subject.

EIB Working Papers 2019/07 - What firms don't like about bank loans: New evidence from survey data

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286143583
Total Pages : 56 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Working Papers 2019/07 - What firms don't like about bank loans: New evidence from survey data by : European Investment Bank

Download or read book EIB Working Papers 2019/07 - What firms don't like about bank loans: New evidence from survey data written by European Investment Bank and published by European Investment Bank. This book was released on 2019-10-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use the association between non-financial firms and their banks, an information available in the European Investment Bank Investment Survey (EIBIS), to disentangle the effects of borrowers' and lenders' financial weakness on the satisfaction with the loan contracted. The dataset matches survey data of non-financial firms about their satisfaction with bank lending with their financial data and the financial data of their banks. We find evidence of both demand and supply factors determining firm satisfaction with bank loan financing: non-financial firms with weaker finances and those financed by weaker banks are less satisfied with their bank financing. We also find that the impact of supply factors differs across regions within the EU: the effect of bank's financial weakness on borrower satisfaction is not significant in core countries but is in periphery countries.

Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286138482
Total Pages : 297 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability by : European Investment Bank

Download or read book Banking in Africa: Delivering on Financial Inclusion, Supporting Financial Stability written by European Investment Bank and published by European Investment Bank. This book was released on 2018-11-21 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its fourth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: Crowding out of private sector lending by public debt issuance The state of bank recovery and resolution laws in Africa Policy options on how to finance infrastructure development. The report finds that in many African banking markets, the last two years saw a pause in financial deepening. However, a rising share of banking groups report improving market conditions and plan a structural expansion of their operations in Africa and a continued push for new technologies.

EIB Investment Report 2020/2021

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286148127
Total Pages : 591 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Investment Report 2020/2021 by : European Investment Bank

Download or read book EIB Investment Report 2020/2021 written by European Investment Bank and published by European Investment Bank. This book was released on 2021-02-04 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Europe Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital – and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.

EIB Working Papers 2019/02 - How energy audits promote SMEs' energy efficiency investment

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286142277
Total Pages : 55 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Working Papers 2019/02 - How energy audits promote SMEs' energy efficiency investment by : European Investment Bank

Download or read book EIB Working Papers 2019/02 - How energy audits promote SMEs' energy efficiency investment written by European Investment Bank and published by European Investment Bank. This book was released on 2019-05-16 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy audits play an important role in promoting energy-efficiency measures in SMEs. This paper uses EIB Investment Survey data about energy audits and energy-efficiency investments of some 12,500 signatures from EU28 Member States per year. It suggests that: Energy audits are a useful tool for overcoming the information barriers and facilitating investments in energy-efficiency measures They are more important for small firms and for investments in things such as such as lighting, wall insulation etc. than in production processes such as the replacement of machinery and equipment The beneficial impact of energy audits ceases to exist, however, when firms are finance constrained Information campaigns are one of the most efficient available instruments among other instruments (regulatory, financial and voluntary agreements) for promoting energy audits in SMEs.

The Future of National Development Banks

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Author :
Publisher : Initiative for Policy Dialogue
ISBN 13 : 0198827946
Total Pages : 388 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Future of National Development Banks by : Stephany Griffith-Jones

Download or read book The Future of National Development Banks written by Stephany Griffith-Jones and published by Initiative for Policy Dialogue. This book was released on 2018 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth case study of several national development banks explores the role of these institutions in innovation and structural change, infrastructure financing, and financial inclusion. It reflects on the significant contribution that these banks can make to a countries' development, and their broader role within economic policy.

EIB Investment Report 2019/2020

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286144679
Total Pages : 634 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Investment Report 2019/2020 by : European Investment Bank

Download or read book EIB Investment Report 2019/2020 written by European Investment Bank and published by European Investment Bank. This book was released on 2019-11-26 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Investment Report, issued annually by the European Investment Bank, provides a comprehensive overview and analysis of investment and the financing of investment in the European Union. It combines the exploration of investment trends with in-depth analysis, focusing especially on the drivers and barriers to investment activity. The report leverages on a unique set of databases and survey data, including EIBIS, an annual survey of 13 500 firms in Europe, which focuses on their assessment of investment and investment finance conditions, and which allows analysis with firm balance sheet information. The report provides critical inputs to policy debates on the need for public action on investment, and on the types of intervention that can have the greatest impact.

OECD Economic Surveys: Austria 2019

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264683585
Total Pages : 138 pages
Book Rating : 4.2/5 (646 download)

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Book Synopsis OECD Economic Surveys: Austria 2019 by : OECD

Download or read book OECD Economic Surveys: Austria 2019 written by OECD and published by OECD Publishing. This book was released on 2019-11-13 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austrian citizens enjoy high living standards, well-being and social cohesion. Until the ongoing global slowdown, robust employment growth in the private sector kept domestic demand and investment remarkably robust. More people moved into work and inward migration has been strong. At the same time, new challenges related to social cohesion challenges have emerged, as increased skill differences in the population and diverging productivity performance across firms have generated a higher range of outcomes for job quality and market wages than in the past. Myriad entrepreneurial firms across all regions should better adapt to new megatrends of ageing, globalisation and digitalisation.

EIB Investment Report 2018/2019: Retooling Europe's economy

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Author :
Publisher : European Investment Bank
ISBN 13 : 9286138261
Total Pages : 748 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis EIB Investment Report 2018/2019: Retooling Europe's economy by : European Investment Bank

Download or read book EIB Investment Report 2018/2019: Retooling Europe's economy written by European Investment Bank and published by European Investment Bank. This book was released on 2018-11-28 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Investment Report, issued annually by the European Investment Bank, provides a comprehensive overview and analysis of investment and the financing of investment in the European Union. It combines the exploration of investment trends with in-depth analysis, focusing especially on the drivers and barriers to investment activity. The report leverages on a unique set of databases and survey data, including EIBIS, an annual survey of 12 500 firms in Europe, which focuses on their assessment of investment and investment finance conditions, and which allows analysis with firm balance sheet information. The report provides critical inputs to policy debates on the need for public action on investment, and on the types of intervention that can have the greatest impact. This year's report addresses a moment of economic recovery in which investment growth, overall, is strong, but downside risks to the economic outlook are rising. It identifies many ways in which current investment is still structurally inadequate, given the legacy effects of the recent crisis and the great challenges that lie ahead. There is an urgent need to re-tool Europe, from its infrastructure and innovation ecosystem, through to its businesses and workers, to enhance prosperity and social cohesion.

OECD Economic Surveys: Poland 2020

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Publisher : OECD Publishing
ISBN 13 : 9264539190
Total Pages : 120 pages
Book Rating : 4.2/5 (645 download)

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Book Synopsis OECD Economic Surveys: Poland 2020 by : OECD

Download or read book OECD Economic Surveys: Poland 2020 written by OECD and published by OECD Publishing. This book was released on 2020-12-04 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has hit the Polish society and its economy hard, even if to a lesser extent than other European countries. Employment has declined and public debt has increased abruptly, which will make it more challenging to solve long-term issues, such as the low productivity of some workers, weak environmental outcomes and rising ageing costs.

Usability of Bank Capital Buffers: The Role of Market Expectations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616358939
Total Pages : 61 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Usability of Bank Capital Buffers: The Role of Market Expectations by : José Abad

Download or read book Usability of Bank Capital Buffers: The Role of Market Expectations written by José Abad and published by International Monetary Fund. This book was released on 2022-01-28 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the COVID shock, supervisors encouraged banks to use capital buffers to support the recovery. However, banks have been reluctant to do so. Provided the market expects a bank to rebuild its buffers, any draw-down will open up a capital shortfall that will weigh on its share price. Therefore, a bank will only decide to use its buffers if the value creation from a larger loan book offsets the costs associated with a capital shortfall. Using market expectations, we calibrate a framework for assessing the usability of buffers. Our results suggest that the cases in which the use of buffers make economic sense are rare in practice.

OECD Studies on SMEs and Entrepreneurship The Digital Transformation of SMEs

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Publisher : OECD Publishing
ISBN 13 : 9264367608
Total Pages : 300 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis OECD Studies on SMEs and Entrepreneurship The Digital Transformation of SMEs by : OECD

Download or read book OECD Studies on SMEs and Entrepreneurship The Digital Transformation of SMEs written by OECD and published by OECD Publishing. This book was released on 2021-02-03 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite potentially tremendous benefits, small and medium-sized enterprises (SMEs) lag in the digital transformation. Emerging technologies, as diverse as they are, offer a range of applications for them to improve performance and overcome the size-related limitations they face in doing business. However, SMEs must be better prepared, and stakes are high. SMEs make the most of the industrial fabric in many countries and regions, they create jobs (most jobs sometimes) and are the cement of inclusive and sustainable societies.

Innovative Finance for Technological Progress

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Publisher : Taylor & Francis
ISBN 13 : 1000807525
Total Pages : 346 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Innovative Finance for Technological Progress by : Farhad Taghizadeh-Hesary

Download or read book Innovative Finance for Technological Progress written by Farhad Taghizadeh-Hesary and published by Taylor & Francis. This book was released on 2022-12-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovative businesses and startups contribute to job creation, economic growth, and technological advancement in most countries. Finance helps nurture innovative firms like startups. Unfortunately, most startups and innovative projects cannot secure finance through the usual and conventional methods. This book goes beyond traditional financing to explore innovative ways to help finance startups and novel businesses. The book covers institutional innovation, innovation in products and processes, and the recent progress in financial innovations in various countries through empirical and case studies. It gives an in-depth look at regulatory, policy frameworks, and risk assessments for financial innovations. It also assesses the role of various innovations, including Fintech, machine learning, big data, scoring models, credit databases, digital platforms, credit guarantees in funding startups, and novel technologies. This book offers valuable insights into how policymakers can nurture a more conducive ecosystem for startups and technologies through innovative finance.

The SME Financing Gap: Theory and evidence

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Author :
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The SME Financing Gap: Theory and evidence by :

Download or read book The SME Financing Gap: Theory and evidence written by and published by OECD Publishing. This book was released on 2006 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The lack of funding available from the financial sector for small and medium-sized enterprises (SMEs) is known as the financing gap. This report analyzes this gap for both credit and equity financing and seeks to determine how prevalent such a gap may be, both among OECD countries and non-OECD economies, and recommends measures to foster an improved flow of financing to SMEs and entrepreneurs. A significant number of entrepreneurs and SMEs could use funds productively if they were available, but are often denied access to financing. This impedes their creation and growth. The "financing gap" was the subject of the OECD Global Conference on "Better Financing for Entrepreneurship and SME Growth", held in Brasilia, Brazil in March 2006. Vol. 2 presents a synthesis of the Conference discussions on the credit and equity financing gaps, as well as on private equity definitions and measurements. It also offers a selection of papers given by some of the key stakeholders (SMEs, government and financial institutions) confronting these issues.--Publisher's description.

The Routledge Handbook of Smart Technologies

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Author :
Publisher : Routledge
ISBN 13 : 1000471403
Total Pages : 712 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Routledge Handbook of Smart Technologies by : Heinz D. Kurz

Download or read book The Routledge Handbook of Smart Technologies written by Heinz D. Kurz and published by Routledge. This book was released on 2022-02-27 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook provides a thorough discussion of the most recent wave of technological (and organisational) innovations, frequently called “smart” and based on the digitisation of information. The acronym stands for "Self-Monitoring, Analysis and Reporting Technology". This new wave is one in a row of waves that have shaken up and transformed the economy, society and culture since the first Industrial Revolution and have left a huge impact on how we live, think, communicate and work: they have deeply affected the socioeconomic metabolism from within and humankind’s footprint on our planet. The Handbook analyses the origins of the current wave, its roots in earlier ones and its path-dependent nature; its current forms and actual manifestations; its multifarious impact on economy and society; and it puts forward some guesstimates regarding the probable directions of its further development. In short, the Handbook studies the past, the present and the future of smart technologies and digitalisation. This cutting-edge reference will appeal to a broad audience, including but not limited to, researchers from various disciplines with a focus on technological innovation and their impact on the socioeconomic system; students across different fields but especially from economics, social sciences and law studying questions related to radical technological change and its consequences, as well as professionals around the globe interested in the debate of smart technologies and socioeconomic transformation, from a multi- and interdisciplinary perspective.